By Shelly Melancon (Switzerland)
A Coinbase or Binance listing is the ultimate goal of any coin community. Hence, it is no wonder that the Floki Inu ecosystem already has a petition for its members to sign and gain a Coinbase listing for the coin.
However, a listing on Coinbase may not happen that fast because the exchange always conducts thorough research on any coin before listing it because of the crypto regulation in place in the US.
Listing FLOKI On Crypto Exchanges
The token’s ecosystem can be confident that Coinbase will not deny its listing since it has already listed other dog-themed coins (Dogecoin and Shiba Inu). Also, Floki Inu has secured deals with reputable firms and famous soccer clubs. Strangely, a Twitter user remarked that this petition is almost useless because the token’s team needs the approval of the exchange and not the signatures of its members before it can be listed on the popular exchange.
The FLOKI team further confirmed that the almost 400K community members (known as the Viking) are an indication that the community is growing fast. The fast growth in the Floki Inu ecosystem is proof that the team is taking giant strides towards achieving utility with the coin (funding further development of the coin and using it for payment settlement purposes).
Also read:Taking Giant Strides One Step At A Time
One of the latest efforts of the Floki Inu team to bring utility to the FLOKI token is the partnership with inverse finance for FLOKI holders to perform DeFi-related transactions with their token. Within 24 hours of announcing the partnership, nearly $45m FLOKI tokens were staked on inverse finance’s new liquidity pool.
One other notable achievement of the token’s team is listing the FLOKI token on the Bitglobal exchange (a leading South Korea crypto exchange). Bithumb global (now known as Bitglobal) announced the listing of the FLOKI token on its platform today.
Floki Inu Price Action
FLOKI has been on a descending triangle pattern since its fall last month. Since the start of this month, it continues to fluctuate between that declining channel and the $0.0000154 price level. However, the indicators show that FLOKI might be strongly bearish or bullish once it breaks out of this region. For instance, the RSI 4-hour chart indicates a strong bullish divergence. However, the same indicator displays bearishness on the 24-hour chart.
FLOKI’s descending channel movement on the 1-day chart. Source: TradingView
FLOKI has lost about 35% of its price over the past fourteen days moving from $0.000016 on December 13 to $0.0000116 on December 21. FLOKI’s movement below the 20-day and 50-day EMA indicates a possible bearish movement, with the RSI value of 44 confirming the EMA prediction.
FLOKI price action 4-hour chart. Source: TradingView
FLOKI’s next resistance price levels can be found at $0.00001376 and $0.0000157, respectively, if it makes a bullish move. However, if it makes a bearish move, it will find support at $0.00001 and $0.000083.
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